Alhokair Group shareholders to vote on stock split on June 21

Abdulmohsen Alhokair Group for Tourism and Development’s (Alhokair Group)

Abdulmohsen Alhokair Group for Tourism and Development’s (Alhokair Group) shareholders are set to vote on a 10-for-1 stock split from SAR 10 to SAR 1 per share, during the extraordinary general assembly meeting (EGM) slated for June 21, according to a statement to Tadawul.

 

Stock Split Details

Current Capital

SAR 315 mln

Number of Shares

31.5 mln

Share Par Value

SAR 10

New Capital

SAR 315 mln

New Number of Shares

315 mln

Par Value After Stock Split

SAR 1

Record Date

If approved, the decision will be applicable to shareholders registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the EGM
 

The company also noted that the decision shall apply to the stock price starting from the working day following the EGM. This is provided that the number of shares in shareholders' portfolios will take effect by the end of the second trading day following the EGM.

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